Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 1,061,000 41,000 59,100 68,200 178,500 239,000 21,100 49,000 5,250 51,000 106,000 140,000 42,700 44,600 67,600 Prepare its schedule of cost of goods manufactured for the current year ended December 31. NENAN Prepare its schedule of cost of goods manufactured for the current year ended December 31. DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended December 31, Year 1 Direct materials 2:05 Raw materials available for use Direct materials used Factory overhead: Total factory overhead costs Total manufacturing costs Total cost of work in process Cost of goods manufactured Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending 21,100 49,000 5,250 51,000 106,000 140,000 42,700 44,600 67,600 Prepare an income statement for Delray Mfg. (a manufacturer). DELRAY MFG Income Statement For Year Ended December 31, Year 1 Cost of goods sold Cost of goods available for sale Cost of goods sold 0 Operating expenses 0 Total operating expenses Operating income $ 0